8 Feb, 2012 @ 18:23
1 min read

Unemployment to get even worse, says Rajoy

SPANISH Prime Minister Mariano Rajoy has said the unemployment rate will rise further still in 2012.

There are currently 23 per cent unemployed in Spain – and in Andalucia an alarming 30 per cent of the potential working population is jobless.

“The situation could not be worse,” the 56-year-old said.

“Unfortunately, these figures will not get better in the short term. In fact, in 2012 they will get worse.”

Rajoy said more time would be needed to meet the deficit objectives and for the creation of employment, and that the labour market need to be reformed to make it more flexible, to make it easier to switch between jobs and to adapt to the economic circumstances.

He said the Spanish government would announce a new ‘wide-reaching and deep’ labour reform after a cabinet meeting on Friday.

Eloise Horsfield

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3 Comments

  1. Hey this is scary ….Spain finally has a prime minister that tells the truth , and seems to be on the ball regarding the real state of play .
    Lets hope he gets the time to put things right

  2. louie lou,
    short memory you have – it was the PP that started the out of control building boom and it is the PP that was and is the major source of corruption in Spain.

  3. been here 26 years through boom and deflation , corruption is endemic in spain always was always will be, I just think Rajoy seems honest and as he is a politician and Spanish I though it worth a mention thats all

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